BF-B (BF-B) Downgraded to “Hold” at BidaskClub
BidaskClub cut shares of BF-B (NASDAQ:BF-B) from a buy rating to a hold rating in a research note released on Tuesday.
BF-B has been the subject of a number of other reports. Deutsche Bank AG restated a hold rating and set a $50.00 price target on shares of BF-B in a research note on Monday, June 12th. Credit Suisse Group lowered shares of BF-B from an outperform rating to a hold rating and upped their price target for the company from $51.00 to $53.00 in a research report on Friday, June 9th. Stifel Nicolaus reiterated a hold rating and issued a $49.00 price objective (up previously from $45.00) on shares of BF-B in a research note on Friday, June 9th. Goldman Sachs Group, Inc. (The) upgraded shares of BF-B from a sell rating to a neutral rating and increased their price objective for the stock from $51.00 to $56.00 in a research note on Thursday, September 28th. Finally, Citigroup Inc. reissued a neutral rating and issued a $58.00 price objective (up previously from $54.00) on shares of BF-B in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company presently has an average rating of Hold and an average target price of $51.71.
Shares of BF-B (NASDAQ BF-B) traded up 0.07% during midday trading on Tuesday, reaching $53.98. The company had a trading volume of 17,175 shares. The stock has a market capitalization of $20.74 billion and a PE ratio of 29.81. BF-B has a 1-year low of $43.72 and a 1-year high of $59.71. The company’s 50-day moving average is $52.89 and its 200-day moving average is $49.73.
BF-B Company Profile
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskey, vodka, tequilas, champagnes, brandy, and liqueur. The company offers its products primarily under the Jack Daniels, Gentleman Jack, Korbel, Woodford Reserve, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Early Times, Old Forester, Pepe Lopez, Antiguo, Coopers Craft, Collingwood, and Slane Irish brands.
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